Good Morning Britain host Kate Garraway is dealing with recent monetary troubles after her media agency reported losses of virtually £300,000 final yr.
Tv presenter Kate Garraway has been confronted with a recent monetary blow. It comes after her media firm reportedly recorded losses of almost £300,000 final yr.
The Good Morning Britain host, 58, established Praespero 100 Ltd to handle her media revenue. Not too long ago lodged accounts with Corporations Home reveal it owed £288,122 for 2024.
In 2023, it was £165,011 within the purple, down from a £36,888 surplus in 2022 as reported by the Mirror. The agency is described as working in “radio broadcasting, tv programming and broadcasting actions, administration consultancy actions apart from monetary administration.”
This represents one other setback for Kate, who collected money owed of £800,000 because of the £4,000 weekly expense of caring for her husband Derek Draper through the 4 years he battled Covid earlier than his loss of life in January 2024, on the age 56.
She confronted a tax demand for £716,000 after shutting down their psychotherapy enterprise Astra Aspera Ltd with £184,096 of debt. It is understood she disposed of a London property earlier this yr to help with settling the money owed.
Kate, who has two teenage kids, has revealed how she was compelled to dip into her pension fund to cowl the payments. London-based agency Hacker Younger is now aiding with managing her monetary issues.
In March final yr, Kate candidly mentioned her monetary considerations on GMB. She confided to her co-hosts Richard Madeley and Susanna Reid: “I’m ashamed of the truth that I’m in debt… as a result of I’ve an unbelievable job that I like, that is very effectively paid.”
She beforehand branded the care prices for her husband as “extreme” and “unpayable”. Kate has courageously highlighted the struggles dealing with carers nationwide, noting many might need encountered an much more dire scenario than her personal.
She defined: “I am not a carer, travelling miles, paying their very own transport, to go and assist any person for minimal wage.”
Kate was photographed alongside late husband Derek and her mother and father Gordon and Marilyn Garraway throughout one in every of her most cherished moments.
She acquired an MBE for her contributions to broadcasting, journalism and charity work. The ceremony occurred at Windsor Citadel on June 28, 2023.
Kate confronted further monetary difficulties throughout Derek’s well being battle when their psychotherapy enterprise Astra Aspera closed with money owed of £184,000 in 2022. The renovations of adapting their household house and Derek’s care “wiped her out financially”.
Derek’s loss of life marked the tip of an emotionally and bodily unhappy interval for the household. Kate has continued to have a constructive outlook on life and has thrown herself into work and milestones nonetheless occur with out Derek there.
She instantly and bravely threw herself again into work on the ITV studios, and continues to energy on.
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